GST (IGST)

INTRODUCTION OF IGST

IGST stands for "Integrated GST" and its apply on InterState sales and InterState purchase transactions.

1. Interstate Sales: Suppose your firm or company exist in Delhi and sell your goods and service to other states like Mumbai, Punjab, so on.

2. Interstate Purchase: Suppose your firm or company exist in Delhi and you purchase goods and services from other states.



SALES LEDGER FOR IGST

Ledger name: InterState Sales @ 18% a/c

Under: Sales Accounts

Is GST Applicable: Applicable

Set/alter GST Details: Yes

Types of supply: Goods

TAX LEDGER FOR IGST

Ledger name: IGST

Under: Duties & Taxes

Type of duty/tax: GST

Tax type: Integrated TAx

Types of supply: Goods

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